https://www.taxtmi.com/caselaws?id=393442 Pledge invocation, off-market transfers and pledge revocation may trigger disclosure duties where they alter shareholding or voting rights beyond prescribed thresholds. Under the takeover disclosure framework, a pledgor must disclose a qualifying reduction in holding following pledge invocation within two working days to the stock exchange and target company; transactions below the applicable trigger do not attract that obligation. Promoters and specified persons must also disclose qualifying shareholding changes under the insider-trading disclosure framework, including changes arising from pledge-related transactions. Revocation of a pledge requires timely disclosure where it changes the relevant encumbrance or shareholding position. Non-compliance can attract penalties, subject to the applicable threshold for each transaction. en-us Fri, 18 Oct 2019 00:00:00 +0530 Mon, 16 Mar 2020 07:52:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393442 Pledge invocation, off-market transfers and pledge revocation may trigger disclosure duties where they alter shareholding or voting rights beyond prescribed thresholds. Under the takeover disclosure framework, a pledgor must disclose a qualifying reduction in holding following pledge invocation within two working days to the stock exchange and target company; transactions below the applicable trigger do not attract that obligation. Promoters and specified persons must also disclose qualifying shareholding changes under the insider-trading disclosure framework, including changes arising from pledge-related transactions. Revocation of a pledge requires timely disclosure where it changes the relevant encumbrance or shareholding position. Non-compliance can attract penalties, subject to the applicable threshold for each transaction. Case-Laws SEBI Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393442